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They discussed it pretty thoroughly
during the Jan. 3 work session, making
it more than likely that the Wake Forest
commissioners will approve an increase
in the fuel rider on electric bills,
raising it from $3.60 per thousand
kilowatts to $11.00, during their
regular meeting Tuesday, Jan. 17.
The alternative, Town
Manager Mark Williams said last week, is
for the electric system to lose money
and go into the red.
The electric system is operated like a
business, with a budget entirely
separate from the general town funds.
Its income is from electric rates and
the fuel rider; its outgo is for the
wholesale power it purchases, employee
salaries and benefits and operating
expenses for the vehicles and equipment.
Any income above expenses is put into a
capital fund to purchase equipment or
build facilities such as the second
substation near the N.C. 98 bypass.
The substation was one of the projects
listed in the town’s capital
improvements plan for this year with a
cost of $525,000.
Tuesday night, the commissioners will
hear from town residents about capital
projects they want to see in the next
five years.
In other business, the town board will:
-hear a presentation by Sprint about
right-of-way and easements. Deputy Town
Manager Roe O’Donnell said they were
conservation easements along Richland
Creek which a number of other property
owners are entering into.
-appoint and reappoint commissioners to
the board committees.
-thank retiring advisory board members
for their efforts.
-consider and vote on the two items
recommended by the planning board,
amendments to the zoning ordinance and
the master plan for the Lone Star
restaurant.
Board members may add items
at the start of the meeting, which
begins at 7 p.m. in town hall and is
broadcast on Channel 10 for home
viewers.
The board will also begin meeting with
Planning Director Chip Russell for
two-hour sessions late this month to
discuss what changes they wish to see in
the land use plan. They will meet about
six times on the second and fourth
Thursdays of the month, beginning Jan.
26. The meeting will begin at 6:30 p.m.
and run to 8:30. |
